VSIP industrial park to break ground in northern Vietnam border province
Authorities are striving to help the 600 hectare, $275 million VSIP Lang Son Industrial Park in the eponymous province, which borders China, kick off construction in April.
Visiting the IP’s designated project site in Huu Lung district last week, Nguyen Quoc Doan, chief of the provincial Party Committee, said the local administration would work with the investor on removing legal, procedural, environmental and other roadblocks to project implementation.
Built per the Vietnam-Singapore Industrial Park (VSIP) model, the project features 200 hectares in the first phase, 250 hectares in the second phase, and 150 hectares in the third phase.
Nguyen Quoc Doan, Secretary of the Lang Son Party Committee, visits the VSIP Lang Son site in the eponymous northern province, March 8, 2024. Photo courtesy of Cong Ly (Justice) newspaper.
District officials had said earlier that site clearance for 4.7 hectares has been completed and an additional 58 hectares are being prepared.
They had also acknowledged several “challenges” including legal procedures, environmental impact assessments, fire prevention, construction license, and electricity connection.
Vietnam is home to 15 VSIP facilities at present, with VSIP Binh Dinh in the eponymous south-central province the latest to be inaugurated.
Deputy Prime Minister Le Minh Khai approved an investment plan for VSIP Lang Son In May 2023. The project, also known as Huu Lung Industrial Park, has a total investment of $274.67 million, of which, $41.2 million will be raised by investor VSIP Group, a joint venture between Singapore’s Sembcorp Development and Vietnam’s Becamex IDC.
Lang Son province, which shares a border with China, signed in August 2022 a memorandum of understanding on project construction with the VSIP Group, a leading industrial park and township developer in the country.
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